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Charles Dallara, managing director of the Institute of International Finance, a banking lobby, arrives at Maximou mansion to meet Greek Premier Lucas Papademos in Athens, Thursday, Jan. 26, 2012. Greece will try to revive a debt relief deal needed to avoid a potentially disastrous default when it resumes talks on Thursday with its private creditors in Athens. (AP Photo/Thanassis Stavrakis)

Posted: 1/26/2012 2:50:45 PM EST

Charles Dallara, left, and and Jean Lemiere from the Institute of International Finance, which represents Greece's private bondholders leave Maximou mansion after a meeting with Greek Prime Minister Lucas Papademos and Finance Minister Evangelos Venizelos in Athens, late Thursday, Jan. 19, 2012. The Greek government resumed talks with its private creditors for second day in the hope of sealing a debt relief deal needed to avoid a disastrous default this spring. (AP Photo/Thanassis Stavrakis)

Posted: 1/25/2012 11:30:47 AM EST

FILE - In this Jan. 18, 2012 file photo, specialist Ned Zelles, left, works at his post on the floor of the New York Stock Exchange. World stocks rose Wednesday, Jan. 25, 2012, as investors stayed calm in the face of a possible debt default by Greece to search for good deals in technology shares boosted by stunning results from Apple Inc. (AP Photo/Richard Drew, File)

Posted: 1/25/2012 10:20:45 AM EST

Charles Dallara, right, and Jean Lemiere from the Institute of International Finance, which represents Greece's private bondholders, leave Maximou mansion after a meeting with Greek Prime Lukas Papademos and Finance Minister Evangelos Venizelos in Athens, Friday, Jan. 20, 2012. Greece is confident a debt relief deal with private creditors that is crucial to avoid default can be reached "very soon," a government spokesman said Friday. (AP Photo/Dimitri Messinis)

A man walks in front of a cafe at Plaka tourist district in Athens January 24, 2012. Greece was clinging on Tuesday to hope of a last-minute bond swap deal to avoid a messy default after euro zone officials sent talks back to square one by rejecting a final offer from the country's private bondholders. REUTERS/John Kolesidis (GREECE - Tags: POLITICS BUSINESS SOCIETY TRAVEL)

People walk in front of a closed shop with graffiti on it in central Athens January 24, 2012. Greece was clinging on Tuesday to hope of a last-minute bond swap deal to avoid a messy default after euro zone officials sent talks back to square one by rejecting a final offer from the country's private bondholders. REUTERS/John Kolesidis (GREECE - Tags: POLITICS BUSINESS EMPLOYMENT SOCIETY)

International Monetary Fund's (IMF) Poul Thomsen (R), European Central Bank's (ECB) Klaus Masuch (C) and European Commission Director Matthias Morse leave the Greek Prime Minister's Lucas Papademos office in Athens January 20, 2012. Greece was closing in on an initial deal with private bond holders on Friday that would prevent it from tumbling into a chaotic default but lose investors up to 70 percent of the loans they have given to Athens. REUTERS/Panagiotis Tzamaros (GREECE - Tags: POLITICS BUSINESS)

International Monetary Fund's (IMF) Poul Thomsen (R), European Central Bank's (ECB) Klaus Masuch (L) and European Commission Director Matthias Morse leave the Greek Prime Minister's Lucas Papademos office in Athens January 20, 2012. Greece was closing in on an initial deal with private bond holders on Friday that would prevent it from tumbling into a chaotic default but lose investors up to 70 percent of the loans they have given to Athens. REUTERS/Panagiotis Tzamaros (GREECE - Tags: POLITICS BUSINESS)

International Monetary Fund (IMF)'s Poul Thomsen arrives at the Greek Prime minister's office in Athens January 20, 2012. Greece was closing in on an initial deal with private bond holders on Friday that would prevent it from tumbling into a chaotic default but lose investors up to 70 percent of the loans they have given to Athens. REUTERS/Panagiotis Tzamaros (GREECE - Tags: POLITICS BUSINESS)

Head of the Institute of International Finance (IIF) Charles Dallara (L) and his colleague Jean Lemierre leave the Greek Prime minister's office in Athens January 20, 2012. Greece and its bondholders have made little progress since resuming stalled talks on a debt swap, three sources close to the talks told Reuters on Thursday, with time to strike a deal and avoid a messy default running out rapidly. REUTERS/Yiorgos Karahalis (GREECE - Tags: POLITICS BUSINESS)

Greek Finance Minister Evangelos Venizelos leaves the Prime Minister's office after a meeting with the head of the Institute of International Finance (IIF) Charles Dallara and Greek Premier Lucas Papademos in Athens January 20, 2012. Greece and its bondholders have made little progress since resuming stalled talks on a debt swap, three sources close to the talks told Reuters on Thursday, with time to strike a deal and avoid a messy default running out rapidly. REUTERS/Yiorgos Karahalis(GREECE - Tags: POLITICS BUSINESS)

Head of the Institute of International Finance (IIF) Charles Dallara enters the Greek Prime Minister's office in a car in Athens January 20, 2012. Greece and its private bondholders resume debt swap talks on Friday amid signs they are inching closer to a long-awaited deal needed to prevent a chaotic default by Athens. REUTERS/Yiorgos Karahalis(GREECE - Tags: POLITICS BUSINESS)

Head of the Institute of International Finance (IIF) Charles Dallara enters the Greek Prime Minister's office in a car in Athens January 20, 2012. Greece and its private bondholders resume debt swap talks on Friday amid signs they are inching closer to a long-awaited deal needed to prevent a chaotic default by Athens. REUTERS/Yiorgos Karahalis(GREECE - Tags: POLITICS BUSINESS)

An European Union (EU) flag flies over the temple of Parthenon atop the ancient hill of the Acropolis in Athens January 20, 2012. Greece and its private bondholders resume debt swap talks on Friday amid signs they are inching closer to a long-awaited deal needed to prevent a chaotic default by Athens. REUTERS/Yannis Behrakis (GREECE - Tags: POLITICS BUSINESS)

An European Union flag flies as tourists visit the ancient hill of the Acropolis in Athens January 20, 2012. Greece and its private bondholders resume debt swap talks on Friday amid signs they are inching closer to a long-awaited deal needed to prevent a chaotic default by Athens. REUTERS/Yannis Behrakis (GREECE - Tags: POLITICS SOCIETY)

Head of the Institute of International Finance (IIF) Charles Dallara and his colleague Jean Lemierre leave the Greek Prime minister's office in Athens January 19, 2012. Greece and its bondholders have made little progress since resuming stalled talks on a debt swap, three sources close to the talks told Reuters on Thursday, with time to strike a deal and avoid a messy default running out rapidly. REUTERS/Yiorgos Karahalis (GREECE - Tags: POLITICS BUSINESS)